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20121226
20130103
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CNBC 4
MSNBCW 4
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English 12
Search Results 0 to 11 of about 12 (some duplicates have been removed)
. [ sniffles ] ♪ >> harris: breaking news now on the fox report and the pentagon confirming to fox news that retired general norman schwarzkopf has died. he commanded the coalition that pushed saddam hussein's forces out of kuwait in 1991. bob scales on the phone with us now. general scales you wrote a book called certain victory and you have a lot of knowledge of the history of the iraq war but personal knowledge with this man. you call him truly the first great american hero after vietnam. your thoughts? >> that is exactly right, harris. remember, i come from the same generation as general schwarzkopf and the vector was the vindication of my generation report vietnam generation because it was our first great military victory after defeat in vietnam and he took that personally. i knew general schwarzkopf well, going back to his time as a major in the pentagon. he also carried in his sack this rock that had the sigma that went with the defeat in vietnam. when defeated the iraqi military in the plains of iraq, when was able to do that one of the first things he said at the truce tent was
as you point out for more than a point. republicans concerned about the impact of the pentagon budget if this goes through. >> when people talk about the fiscal cliff most of the attention is about taxes going up and that being the so called fiscal cliff but the other side of that cliff is that the massive spending cuts automatic cuts are kicking in at the beginning of next year. largely targeted at the pentagon. and what is interesting is all of this deal making we are talking about on capitol hill would really just focus on unemployment benefits and tax side of the cliff as i mentioned and most of deals it appears would not shut off the so called sequester that would hit the pentagon. on "fox news sunday" senator lindsey graham told chris wallace he got a call from the defense secretary suggesting these cuts are coming. lake a listen. >> i was called by leon panetta at 7:30 during dinner. >> secretary of defense. >> this is the failure of the supercommittee to find $1.2 trillion in cuts. half of the 1.2 falls on defense who already cut. he says if we do this we will shoot the defens
pretty hard things well. one is to lead the pentagon out of afghanistan, lead our military into redefining itself as to what does it do? why do you serve in the post-post-9/11 era? second, lead the country in more defense spending cuts, which is coming. and third thing is really to lead the nation through a discussion of what's our military for in the post-post-9/11 era? what's the role of counterterrorism? what are the limits of counterterrorism? what are we doing in asia? how do we work with our allies in china and asia? where has the pentagon taken powers that maybe need to go back to the civilian agencies? those are three enormous jobs that require you to work well with congress, to work well with the defense industry, to be trusted with our men and women in uniform and to have a really close relationship with the president. that's a big job description. >> so if we paint this sort of job description as guiding the pentagon through that period, it sounds like reimagining. how do you see the strengths and weakness of the front runners? >> the first thing to say about sen
confirmation vote in the senator, the decision to float hagel for the pentagon is having the opposite effect. >> i think this will be a very tough confirmation process. >> a lot of republicans are asking hard questions and i don't think he's going to get many republican votes. i think it would be a challenging nomination. >> in another distress signal for the white house, the former vietnam vet and nebraska senator was unable to secure the backing of the number three democrat in the senate. >> that's his choice. i think once he makes it, his record will be studied carefully, but until that point, i think we're not going to know what's going to happen. >> can you support him? >> i'd have to study his record. i'm not going to comment until the president makes a nomination. >> wow. schumer's was the sign of this nomination's downward trajectory. after watching on tv, mike allen wrote he received an immediate e-mail from an astute republican official saying, pass the jam, he's toast. so is it game over for hagel? the white house certainly seemed to be backtracking this weekend. a senior official
the pentagon and hard. as you see there, the defense stocks moving a little bit higher today including northrop grumman and lockheed martin. in los angeles with a look at what the deal means at least for two months for the sector, hi jane. >> hi, tyler. kicking the drone down the road. including 55 billion for this year. people forget the pentagon already has about 55 billion in cut in 2013 even without sequester. i know folks getting pink slips. but it is said all of these cuts are not cuts to spending but to funding. meaning the industry wouldn't start to feel it until next year. where? a lot of analyst don't expect cuts to impact multiyear contracts for hardware just because it is too difficult. pentagon just signed two deals with lockheed martin worth almost $9 billion for the f-35. so what is vulnerable? >> i think that the things that will be impacted will be things like training, maintenance, services, those are the shorter lead time items that the dod will be able to control. >> so companies providing those to the service include caci. sai pch booz allen. in the meantime, they had a gre
on the sequester, the massive spending cut, that would largely target the pentagon. interesting on fox news sunday, republican lindy graham said he got a phone call from the defense secretary, saying even if there is a deal on tax, it is likely they won't have a deal on the spending cuts. so our national defense will take a hit. take a listen. >> not going to happen -- >> i talked to leon panetta last night, 7:30, during dinner -- >> secretary of defense? >> he said, lindsay, i have been told nothing of sequestration will go into effect, and that is the debt ceiling increase, half of the $1.2 falls on defense. we have cut $89 billion. he said, it would be shooting the defense department in the head and we will have to send out 800,000 layoff notices the beginning of the year. he is worried to death if we don't fix sequestration, we will destroy the finest military in the worlds when we need it most. >> if the sequestration goes through, massive impact on our national defense. if the tax rate issue is not settled, we could be facing the largest tax increase in american history since world war ii. l
part of some last-second deal. hit the defense department. but the pentagon's real problem is not those cuts, but the ones that are going to be coming over the next decade. we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that president obama had, at the top of his short list, the former republican senator, still a republican, chuck hagel of nebraska. he's somebody who's talked about the pentagon as being bloated, had very specific ideas about how to cut it. but mike, sam, the table, we're hearing that that trial balloon has been popped. that senator hagel has a possibility for secretary of defense, has really lost a lot of altitude. and what they discovered was, there's not a natural constituency for him. republicans, as you guys know, have fought with him over the years. he was against the war i
from the white house on this. here is former pentagon adviser michael rubin. >> thanks for having me, michelle. >> what should the white house do in response to this? >> ultimately, what with will have to be inspected and considered is the whole nature of the reset policy. if we trace the beginnings of this crisis back it actually started with the white house reaching out to vladimir putin to russia in supporting russia's accession to the world trade organization. the amendment which had govern the a lot of u.s.-russian/soviet relations going back to the 1970s had to be replaced. it was replaced in congress by the act which set russia's worst human viets violators there should be consequences when it comes to getting visas. vladimir mute indecided to lash out to the united states by pointing a figurative rifle at the head of russia's orphans. >> we improve russia's trade relation with us, officially and then he gets upset because buried within there is a little clause that says, as you point out, the worst human rights violators should have trouble getting into the united states. how
that preparation before running into the pentagon and he has done a is he person job. very tough job. even he said that we face some dire devastating times ahead if sequestration goes ahead. chuck hagel seems to think that we can cut, quote, more the bloat out of the pentagon. there probably is some over there. but you need to understand the system right, given of the republican opposition i don't know that the president gets a lot of credit for bipartisanship. more likely the cuts that they agree on. lt. colonel bob maginnis thanks so much we appreciate it. >> thanks, dave. >> small businesses set to take big hits in 2013. that could take an effect on your wallet. we'll explain next. my pet chicken just saved my life. how this hero bird came to the rescue of an entire family. and that's not even the coolest part of this story. i'm sticking around. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve
with the sequester? where are we on the pentagon cuts? >> nobody wants those pentagon cuts, including the president of the united states. there may be some on the left who would favor that. but that's not a dominant position. that's not where the political center of gravity is in the country. i think it's very likely that those sequester cuts are going to be turned off. now, remember the sequester, $1.2 trillion over the next nine years. that's a little over $100 billion a year. so half of that is defense, half of that is discretionary. the kick the can mini deal solution that we're talking about would identify some subset of spending cuts that would be the lowest hanging fruit still available that might turn off the sequester, or they could just turn off the trigger all together. the sequester exists because of a law passed by congress, another law passed by congress could change it. >> good to see you, john. thanks for the update. >> mastercard spending pulse saying it's the lowest level of 2008. high end is one of the areas getting hit hard. tom is managing director at the tellsee advisory group
over its price. but lockheed and the pentagon have come to terms to buy another round of the jets for nearly $4 billion. morgan stanley calls the f-35 the single most important investment debate over lockheed stock. second, cash will be king. as defense spending slows, analysts say many defense companies will reduce share buyback programs and conservative capital. and look to international customers to make up for lost business at home. third, it's a bird, it's a plane, it's big brother. as criticism rises over the use of drone strikes by the obama administration, look to see companies launching drone war at home for deals to build unmanned aircraft for domestic use. the faa says there could be 30,000 uavs in u.s. skies by 2020. the teal group says domestic drones could be worth $89 billion over ten years, as everyone from homeland security to tmz wants permission to use them. >>> let's get some more insight on the defense skprkt how to play it as the fiscal cliff deadline grows closer. howard rubel is with jeffries. great to speak with you. and i guess key to understanding the im
Search Results 0 to 11 of about 12 (some duplicates have been removed)